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ROY LETTER SUBJEGT
OF STRICT ENQUIR]
SENSATION SPRUNG BY DIE
PENSARY COMMISSION.
Letter From Liquor Man Proposin
Method of Collecting Claims
Against State Dispensary.
Columbia Record, 16th.
Another sensation has broken loos
in connection with the dispensar3
Mr. W. D. Roy, president of the Bej
roy Distilling company, of Louisvil
which is a creditor of the disper
sary in the sum of $40,000 or mor
addressed to other creditors. abou
the middle of December, a letter ii
which he offered to take charge o
the collection of claims of this char
acter, saying, in explanation, that ul
timate settlement would be hastene<
by a concentration of the claim. Hi
enclosed with his letter a blanl
agreement. to be signed by the ad
dressee, making Roy and the Nation
al loan and Exchange Bank. of thi
city, attorneys for the claimant. fo]
the purposes of collection, and al
lowing Roy and the bank named
commission of six per cent. on. al:
moneys collected by them from the
dispensary. In his letter Mr. Ro
mentioned Mr. W. D. Melton, of th
Columbia bar, as being associated
with him, and also intimated that he
had behind him the prestige and in
fluence of other prominent Colum.
bia-newspaper men and bank of
AOials.
Copies of this letter came into the
possession of Mr. W. Y. Stevenson,
attorney for th-e state dispensary
commission, and he promptly com
municated with the commission,
which thereupo:i decided to investi
gate. Having by legislative author
ity the powers of a court, the com
mission summoned all hands before
it and yesterday afternoon at 4
o'clock commenced an inquisition
which is still in progress.
By Mr. Roy.'s own admission and
the testimony of others, it was show'
at the outset that the proposition of
Mr. Roy to the creditors was made
without the knowledge %r consent of
the National Loan 'and Exchang?
Bank. Mr. Roy explacined that there
was nothing wrong in this, as he
named the bank only in order that
he might use it for a depository it
which to place the funds a's hE
might be able to collect them frox
the dispensary.
Mr. Roy also exonerated Mr. Mel
ton, saying there had never 'been any
thing improper in his association witi
the distilling interests, and that i:
fact a radical difference on a tech
nical matter with one of the dispen
sarv credito'rs had caused Mr. Mel.
ton to withdraw from the case entire
ly some time ago.
It developed that the newspape:
man whose name was involved was
Col. August Kohn, of the News an<
'Courier, who is also a director of thi
Loan and Exchange Bank. It wat
shown that Mr. Kohn 's connectio2
with the matter consisted only in ree
omrmending his friend, Mr. Melton
to Mr. Roy as an able attorney, an<
in asking Mr. Roy to make the Na
tion'al Loan and Exchange Bank hi
depository.
Mr. .Roy 's letter contained an inti
manton that there -was an alternativ
method of collection. To the com~
mission he explained that this refe:
red to a scheme devised by Mr. 'I
Moultrie Mordecai, of the Charles
ton bar, who had some plan for gel
ting the money through Mr. Steven
son, the commission's attorney.
Mr. Stevenson brands as a lie ou
of the whole cloth any intimatio:
from anybody that he is associate
with Mr. Mordeeai in any matter
and so far Mr. Roy has not brough
forward any evidence to prove suc
assoc.iations on Mr. Stevenson's pari
The dispensary commiSsion 's at
tivity in the matter is du~e to an it
ference. that it is said can be draw
from Mr. Roy's letter. to the effe<
that the comso has been nndul
rezardfuil ef the welfare of certai
hauks. at the expense of the disper
sa ry's creditors, and that it could b
indueed by improper influience to pa
claims a-rainst the institution on th
part of liquor houses. It hiapper
that Dr. W. J. Murray, the chairma
of the commission, is a director c
the Loan and Exchange Bank an
that several other members of th
commission are bankers also.
Columbia, Jan. 16.-Mr. T. Mou
trie Mordecai of Charleston. and M
W. F. Stevenson, of Cheraw, appea:
ed befo re the dispenisary eommiflssiC
this afternoon of their own accor
and made statements. Mr. Mordee:
read the report of yest.erday 's pr<
eV1ins inl the Ne'ws anid Courie
fifen ., inntes after t'.e 'maf
Columbia had left Cahrleston at
o 'clook.
He at once .eini1 his nal was
mentioned in an unpleasant manner,
chartered a special train to get him
to Columbia, and wire.1 that commis
sion and the attorney general that he
.. was .n the way, with uim c had Mr.
Frank K. Meyers, the expert sten
ographer who took down the state
g ment of Mr. Morlecai and of Mr.
Stevanson.
Mr. Stevenson was in Cheraw, his
home, when he learned of the testi
mony of yesterday, and he came here 1
e on the first train, but owing to a
. change of schedules on the Sea>board
- he was unaible to get here until af
ternoon.
- Mr. Stevenson as soon as he secur
e ed the opportunity stated to the com
t mission his anxiety to get a hearing
i and to have the others interested to
? make their statements and Mr. Mor
- decai exhibited equal eagerness. Mr.
. Stevenson spoke irst and Mr. Mor
M decai following. Mr. Roy was pres
, ent as he had been all day. But he
e had nothing to say. Mr. Lester hal
. left in the morning, after the com
. mission refused to pay his claim.
Both gentlemen explained their posi
tions fully denying that there
wa4 ever any agreement between
them. or any improper proposals.
PLOT TO DESTROY FLEET.
Conspiracy Discovered at Rio Jane-;
rio-All Conspirators Have
Fled to Interior.
Rio de Janeiro, Jan. 19.-The Bra
zilian police havc discovered an an
archzistie plot,be-- havinz 1'r: ch.
jeet :he destructc:'i cf part of the
Ameriegn fleat no- lying in - i.ar
bor. The conspira-'y, while center:ng
in Rio de Janeiro and Petropolis, has
ramificationh in Sao Paulo and Min
as G'eraes. An individual named Jea,
Fedher, who resides in Petropolis,
was the chief conspirator here, al
though it is understood tha: foreign
anarchists are deepiy involved in the
plo... Fedher is believe-d to have fled
to Sao Paulo. and the police who
know him have bzen sent to that ,
place for the purpose of apprehend
ing him, One of the detectives, who
was well acquainted with Fedher,
having served on the police force at
Petropolis for some time, raturnei
from that plae today, after iavinigI
made investigations there and had a
lcn.g conference with the chief of po
lice at Rio de Jar airo. TI'o latter
let it be understood later that the
Sao Paulo police are on the track of
the arch conspirator and 'expect to
arrest him soon.
In an official note whiek :he chief
of police sent to the corrcapondient of
the Associated Press h:e sayh:
":Some time before thre arrival of
the American fleet at Rio de Janeiro,
the Brazilian governmenit received1
from Washington and Paris advices
that anarchists of different national
ities intended to damage one or sev
eral of the ships of the American[
fleet. The names and addresses of
the conspirators were indicated by
Sinformation which the police here
Shad received previously from France
'and Germany. The police of this dis
t.rict are working with the police of'
Sao Paulo and Minas Geraes and Ii
am sure every precaution will be ex-j
~ ercised and the most rigorous vigi
a lance observed both on land and at
sea to preven't any injury being
done.''
SThe chief of poliee, after having
-made this official statement said ghat
he did not f:-el i hould go ini > '
conspiracy. but he authorized the'
statement that the plot was organiz
ed by Fedher and he added that the
-people of the UTnited States could
rest easy, as all of the conspirators
thad taken refuge in the interior.
- The people of Brazil are ignorant
of the details of the plot to do injury
to dlie visiting vessels, alt.hough there
has been some slight inkling of the'
matter. 'The impresion which t-he
exposure of this plot will make will
be profound, because it is the first
anarchistic conspiracy that has ever
been known in Brazil.
IThe police of Sao Paulo have sent
word that they are on the track of
nthe malefac'tors. who. they declare.~
wvill not be able to (*omel to Rio dk
NOTICE OF FINAL SETTLEMENT
nWe will make final settlement on
f the estate of Mrs. Elizabeth Camer
d on. deceased, in the probate court for
C Newberry county on Friday, the sev
enteenth day of January, 1908, at
1. 11 o'clock in th~e forenoon, and im
r. mediately thereafter apply to the
e- said court for letters dismissory. All
ni persons mndebted to said estate will
d make payment on or before said date
ii and all persons having claims against
>- said estate will present them duly'
r, attested.
>H. W. Cameron,
7 T. L. Cameron,
Execntors.
THE 'MUTUAL B
THE MUTUAL I
become non-forfeitable after or
thereon is less than ten dollars
All Such Policies, therefore,
1. Loan values (at any time
2. Cash Values.
3. Paid Up Insurance that h
4. Extended Insurance that
thereon.
All Such Policies (without e
5. For Reinstatement at an3
pany, and payment of arrears y
6. For Annual Dividends, bE
Which may be used (a) to rE
the policy into an endowment
gradually diminishing age. or (d
be (e) withdrawn in cash.
7. For change of Beneficiai
within one month of default in I
8. That they shall be Inconti
9. For Dividend Earning An
No restrictions in policies ac
The privileg es of the new pc
policies.
Some Comments
Means What It Says.
PROBABLY no event has occurned
during this year that has excited greater
interest among life insurance companies
and field men than the announcement of
the new departure of the Mutual Benefit
Life.
Even among the competitors, unstinted
praise is given the Mutual Benefit Life
for its extreme liberality A life insur
rance statistician writes that it is "the
greatest innovation of recent years." The
officer of a company-and an actuary
says .that too much is given. Another
says that it is a great step in advance if
the company intends the policy to apply
as we construed it in our issue of last
week. One of the best informed general
agents in the Metropolitan field tele
phoned our office for additional informa
tion and before ringing off said that the
Mutual Bene,ft had truly "set the pace"
-The Eastern Underwriter Dec. 5. 1907
The Mutual Benefit's Super-Standard
Policy.
Growth of business has never been a
prime object with the Mutual Benefit,
yet we shall be much surprised if rapid
growth does not result from putting such
a policy on the market as that recently
gotten up and published by the company.
It marks a great advance in the liberali
zation of policy contracts, and the fact
.that the company with its well-known
cautions and circumspect ways, should
have felt itself enabled to take this long
stride is a gratifying fact to all who are
concerned in the history of life insurance
development. It is indeed a crushing
The.Mutual I
Is the Lea
It has Paid Poli
B. L. JONES AN
Office over Commercial Bar
The early buyer gets1
Our stock is being rep
aily by the arriv als -of
easonable goods.
LACES-ValencienneSs
-ish.
Cotton Suitings in r
fncy designs and color:
Ginghams, best grade i
olors.
Perce3les, Lawns, Liner
Buy wisely, therefore 1
ENEFIT'S SUPEIWi
THE NEW POLICIES
-OF
3EFEFIT LIFE INSURI
tly One Annual premium has
per $1,000 of insurance.
after only one year provide:
)
as Cash Values equal to the res
works automatically and has Ca
xception) provide:
time, upon evidence of insurat
vith interest.
ginning with the second policy
,duce premiums. or (b) increase
payable during the ife time of
') convert the policy into.a paid
ry at any time, and from time to
)remium payment.
estable after One Year.
nuities, or InstalmPnts, if desire
to Residence, Travel or Occul
licies will, in so far as- possible,
on the Mutual Ben
commentary upon governmental plans of
standardizing policies and stereotypin
their conditions and upon governmeni
restrictions generally, that a private com.
pany, having no motive other than th<
desire to merit and to win public patron
age, should put forward voluntarily
form of contract which in liberality o
terms laves the legal standard policie.
far behind. Let us, however, be thank.
ful that companies still have permissior
to go one better than the standard poli"
cies if they see fit. * * * *
The above points which do not exhaus1
the beneficial features of the new policy
are to be made retroactive so far as i
practicable. They are evidence of a de.
termination on the part of the manage.
1 ment of the Mutual Benefit to excel it,
old tranditions as a conservative reform.
ing company. It may be recalled it
passing that it was this company whiel
so far back as 1879 introduced the non
forfeiture principle into its policies
a principle subsequently adopted by lif<
companies generally. Thus it not only
improves its own policies, but it was the
cause of other companies improvimg
theirs.-Life Insurance Independent, No.
vember, 1907.
Mutual Benefit's Big Sensation.
A liberal and cheerful giver has The
Mutual Benefit Life Insurance Company
ever been, and never was a more gene
rous gift bestowed upon a body of policy
holders, present or prospective, than thai
which on January- 1 next, this greal
mutual company will tender its policy
,holders. The company has decided tc
3enefit Life I1
ding Annual Dividend
cy Holders since Organ
DVER $250,OOO,OO
D MISS JOE L..
Newoerry, S. C.
ik..
Our fiih
the best.
lenished TE
new and Tenne3
late Al
nuts, C
rnd Baby~ Chocol
Iows,Z
A nic
leat and For
. Candy,
mnd good
1s, etc. D
buy now.
P He
ITANDARD POLICY
kNCE COMPANY
been 'paid, unless the reserve
er Ye thereon.
.sh Values equal to the reserve
>ility satisfactory to the com
year.
the insurance or (c) convert
the insured at a specified and
up participating policy, or may
ime, while policy is in force, or
d, at maturity of policy.
)ation.
be extended to all outstanding
afit's New Policy.
issue new policy forms which are to con
tain provisions exceeding in liberality
those of the old policies which. were
themselves models of generous dealing.
But here comes a most remarkable de
parture from custom. It has not been
uncommon for a life insurance company
to make exceptional concessions to new
policyholders, concessions which were
withheld from the old policyholders,
although the latter were too often taxed
. to pay the fiddler The Mutual Benefit,
however, has decided that the old policy
:holders have equal claim with the new
policyholders upon its generosity, and
every new privilege or benefit it has in
. corporated in the new policy forms has
been granted to the holders of policies
; already issued. This is mutuality of the
. genuine type * * * *
I That there has been nothing to com
Lpare with this action of the Mutual Bene
. fit, in recent inmurance history, admits
, of no denial. Were the company other
Iwise than the strong and popular corn
Ipany that it is, it might be charged with
indiscretion, but the Mutual Benefit
performs even better than it promises,
and liberal as are the offerings now made
to its policyholders, the Mutual Benefit
management knows that the company
can make good or it would not have en
tered upon its present course. It is
neither the custom nor the need of the
Mutual Benefit to play to the galleries.
It wins applause by solid merit and hon
est methods.-The Insurance Observer,
Dec. 2, 1907.
rsurance Co.
Cornpan'y.
ization in 1845,
0
JONES, Agents,
WANTED!
nds to know that we have added
to our stock a nice line of
NNEY'S CANDY,
's Cream Cake Chocolate, Choco
mnonds, Korn Nuts, Salted Pea
hnocolate Cream Drops, Assorted
ate, Peanut Brittle, Marshmel
ettes, also Mackintosh Toffee, &c.
e line of Sc. and 1lOc. Box Candy.
anything in Stationers, Cigars,
etc,
CALL ON
oad dus & Rol
AT THE
caid and News Office.